House prices in the UK's most expensive areas are starting to fall, according to statistics in the most recent UK House Price Index.
So, does this mean now is the best time for prospective buyers looking for a good deal?
Which? has analysed the data to see where house prices are falling, and what other things you need to take into account before buying a property.
The graph below shows regional breakdown of annual house price rates change from January 2018 to January 2019, along with each region's average house price in January 2019.
As the graph shows, it's the regions with the highest property prices that have seen the least price growth. In London, where property prices are by far the most expensive, prices fell by -1.6% in January 2019.
Similarly, house prices in the east of England fell in January by -0.2%, the first drop since 2011. And in the South East, prices edged up by a paltry 0.1%.
These three areas are also the priciest for buyers. The average house price in London is £472,230, while buyers in the East and South East are spending £288,494 and £321,174 respectively.
If you're looking to buy a house in these areas, it could be worth acting now while prices are in a downturn.
Keep in mind, however, that prices could continue to go down, so you may not benefit from as much equity growth as you would elsewhere.
Talk to the estate agent and find out:
Despite prices dialling back in the south and east of England, much of the rest of the UK has continued to see property price increases.
In Northern Ireland, prices are up 5.5%, followed by 4.6% in Wales. The highest property price growth in England was seen in the East and West Midlands, at 4.4% and 4.0% respectively.
You should also consider the context of the price changes. Prices may not have changed all that much, even in areas that have seen the highest growth, if they started at a lower base.
The average property price in Northern Ireland is £136,669 - so, even though prices have risen by 5.5%, that equates to a pounds-and-pence increase of just £7,125.
Conversely, London property prices still remain high, but a relatively small-sounding 1.6% price reduction equates to £7,678.
Some buyers and sellers have been put off by the thought of going ahead with a property purchase in a stagnant market, new figures suggest that it's actually not stagnant at all.
Despite much of what is being reported in the media - that the uncertainty surrounding Brexit is putting people off making property transactions - it seems that people are buying houses at the same rate they were last year.
Indeed, according to HMRC's UK Property Transaction Statistics, non-adjusted residential transactions were around 0.9% higher in January 2019 compared to the previous year, topping 100,000.
While it's an important factor, property price alone shouldn't dictate where you decide to buy a property.
For such a major life decision, you'll want to know about the area's council tax rates, what the schools are like, how happy people in that area are, and whether there's any change of life expectancy in comparison to the rest of the country.
Handily, our area comparison tool can tell you all of this information - bringing together things like Ofsted ratings, Band D council tax rates and ONS data.
You can compare any local authority in England with the national average, or compare two areas to each other.